Rob(if the Exxaro put was $5m??? for the resource being bought...

Rob
(if the Exxaro put was $5m??? for the resource being bought being 30% of the new combined resource, extrapolating this amount across the 70% would put a value of $12m on the existing resource using the Put option metrics.)
ie) $17m x 30% = $5m for Exxaro's resource.
Rob I dont think for 1 minute that RES's resource is worth anywhere like this amount (it has to be worth many multiples of this) - the cynic in me is questioning why it is so cheap, why would Exxaro be so willing to give it away when 1)they have a growth bias themselves 2) consolidation of the areas resources probably makes a lot of financial sense.
Maybe I am just overthinking this - maybe it is just an outstanding deal????